SK Telecom Q2 profit jumps 67% on AI data center growth

SK Telecom said in a regulatory filing on Wednesday that its second-quarter operating profit jumped 67.3 percent on-year to 566 billion won ($397 million), driven by strong growth in its data center business. Revenue edged up 0.5 percent on-year to 4.36 trillion won, while net profit surged 460.1 percent on-year to 466 billion won, according to the preliminary earnings report. Operating profit and net profit beat market expectations, while revenue came in slightly below forecasts. Financial data

2026-08-05 11:25:38:00

SK Siltron deal puts Chey’s W958b stake in spotlight

SK Group’s sale of its controlling stake in SK Siltron has put Chair Chey Tae-won’s remaining 29.4 percent holding in the spotlight, with its estimated value closely matching the 944 billion won ($660 million) he was ordered to pay in his recent divorce ruling. SK Inc., the group’s holding company, approved the sale of its 70.6 percent stake in Korea’s only semiconductor wafer-maker to Doosan for about 2.3 trillion won at a board meeting Friday, industry sources said Tuesday. Chey’s shares are n

2026-08-04 14:21:46:00

Samsung, SK hynix eye gains as GDDR7 prices rise

Samsung Electronics and SK hynix are expected to benefit from rising GDDR7 DRAM prices, as Nvidia is reportedly considering raising graphics card prices by 20 to 30 percent amid growing pressure from component costs. Nvidia is weighing the increase to reflect higher prices for graphics processing units and GDDR7 memory, according to industry sources Monday. If implemented, it would mark the US chipmaker’s third graphics card price adjustment this year, following increases in January and May. The

2026-08-03 14:20:54:00

Samsung poised to overtake SK hynix in HBM race

Samsung Electronics is expected to overtake SK hynix in the high-bandwidth memory market, fueled by the rapid expansion of its next-generation HBM4 business, according to a global investment bank’s report on Sunday. UBS projects Samsung to account for 41 percent of global HBM bit shipments in 2027, narrowly ahead of SK hynix at 39 percent, while Micron Technology is expected to hold a 20 percent share. The forecast marks an acceleration from UBS’ May projection that Samsung would reach parity wi

2026-08-02 13:36:50:00

SK chief makes first personal purchase of SK hynix shares

SK Group Chairman Chey Tae-won bought 3,620 shares of SK hynix on Thursday, marking his first personal investment in the chipmaker and signaling confidence in its long-term prospects. Chey purchased the shares on the open market, according to a regulatory filing. Based on SK hynix’s closing price of 1.32 million won ($921) that day, the shares were valued at about 4.79 billion won. The purchase gives Chey a direct stake in SK hynix, with the 3,620 shares representing only a fraction of a percent

2026-07-30 19:53:29:00

Samsung’s AI boom lifts chips, tests foundry and mobile units

Samsung Electronics’ semiconductor business delivered its strongest-ever second-quarter performance, fueled by booming demand for artificial intelligence server memory that pushed revenue and operating profit to record highs, though the recovery remains uneven across the company’s broader businesses. While the memory business is benefiting from the AI boom, Samsung’s foundry operations continue to lag behind Taiwan Semiconductor Manufacturing Co. and its mobile business is facing pressure from r

2026-07-30 14:54:45:00

KT hit with W54b penalty over data breach

South Korea’s privacy regulator on Thursday fined KT Corp. 53.98 billion won ($37.4 million) over a data breach linked to the company’s failure to properly secure its femtocell system. The Personal Information Protection Commission said KT’s inadequate management of its small-cell base station network allowed hackers using illegally manufactured femtocells to gain unauthorized access to the company’s mobile network. The breach, which occurred in August last year, exposed the personal information

2026-07-30 12:02:34:00

Apple to join Samsung in AI glasses race against Meta

Apple is set to join Samsung Electronics next year in challenging Meta’s early lead in the global AI smart glasses market, setting the stage for a three-way battle among big tech companies over the next generation of artificial intelligence-powered devices. According to industry sources on Thursday, Apple plans to unveil its first smart glasses at its annual Worldwide Developers Conference in June 2027, with a commercial launch expected later that year. The American tech giant had initially been

2026-07-30 11:20:12:00

KT makes telecom service easier in 20 languages

As South Korea’s foreign resident population continues to grow, KT Corp. is expanding support for overseas customers through multilingual AI services and dedicated stores designed to make telecom services more accessible. The telecom carrier held its fourth Customer Listening Forum on Wednesday in Seoul, inviting 14 foreign residents and naturalized citizens from 10 countries, including Vietnam, Indonesia, Russia, the Philippines and Mongolia, to gather feedback on challenges they face while usi

2026-07-29 17:16:04:00

Samsung aims to set new benchmark for foldable design with Galaxy Z8

Korea Herald correspondent LONDON — Samsung Electronics said its latest Galaxy Z8 foldable smartphone series could set the new benchmark for foldable phone design by placing everyday comfort at the center. At a Galaxy design media briefing held in London on Thursday, Hubert Lee, head of Samsung Electronics' Mobile eXperience design team, said years of experience and extensive user data helped shape its latest designs. "Samsung has accumulated a great deal of data through seven years of developin

2026-07-28 10:42:16:00